CUR Funding funds $6 million bridge loan in Brooklyn

February 19, 2019 - Financial Digest

Brooklyn, NY CUR Funding LLC, the lending arm of City Urban Realty through an affiliate entity, has funded a $6 million bridge loan secured by a portfolio of mixed-use buildings in Fort Greene and Clinton Hill.

The buildings, located at 701 & 703 Fulton St., 173 Lexington Ave., and 451 Classon Ave., total 15,500 s/f. The borrowers, J.J. Fulton Realty Corp. and 451 Classon Corp., required capital to consolidate and pay off maturing loans.

City Urban Realty, headed by Michael Alvandi, is a fully integrated privately held real estate investment company dedicated to commercial real estate equity and debt opportunities through its lending division CUR Funding LLC.



Add Comment

More from the New York Real Estate Journal